{"id":46079,"date":"2024-05-29T16:53:06","date_gmt":"2024-05-29T12:23:06","guid":{"rendered":"https:\/\/bitpin.ir\/academy\/?p=46079"},"modified":"2024-06-02T23:59:36","modified_gmt":"2024-06-02T19:29:36","slug":"glassnode-onchain-analysis-week-22-2024","status":"publish","type":"post","link":"https:\/\/bitpin.ir\/academy\/glassnode-onchain-analysis-week-22-2024\/","title":{"rendered":"\u0647\u0641\u062a\u0647\u200c\u0646\u0627\u0645\u0647 \u062a\u062d\u0644\u06cc\u0644 \u0622\u0646\u0686\u06cc\u0646 \u06af\u0644\u0633\u0646\u0648\u062f \u2013 \u0647\u0641\u062a\u0647 \u06f2\u06f2 \u0633\u0627\u0644 \u06f2\u06f0\u06f2\u06f4\u061b \u0648\u0631\u0648\u062f \u0622\u0631\u0627\u0645 \u06af\u0627\u0648\u200c\u0647\u0627"},"content":{"rendered":"<p>\u0628\u0627 \u0627\u0646\u062f\u06a9 \u0641\u0627\u0635\u0644\u0647\u200c\u0627\u06cc \u0628\u0627 \u0642\u0644\u0647 \u062a\u0627\u0631\u06cc\u062e\u06cc \u0642\u0628\u0644\u06cc \u062e\u0648\u062f\u060c <a href=\"https:\/\/bitpin.ir\/coin\/BTC\/\"><strong>\u0627\u0631\u0632 \u062f\u06cc\u062c\u06cc\u062a\u0627\u0644 \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646<\/strong><\/a> \u0628\u0647 \u062f\u0648\u0631\u0647 \u062a\u062b\u0628\u06cc\u062a \u062e\u0648\u062f \u0627\u062f\u0627\u0645\u0647 \u062f\u0627\u062f\u0647 \u0648 \u0647\u0648\u0644\u062f\u0631\u0647\u0627\u06cc \u0628\u0644\u0646\u062f \u0645\u062f\u062a \u0647\u0645 \u0628\u0631\u0627\u06cc \u0627\u0648\u0644\u06cc\u0646 \u0628\u0627\u0631 \u0627\u0632 \u062f\u0633\u0627\u0645\u0628\u0631 \u06f2\u06f0\u06f2\u06f3\u060c \u0634\u0631\u0648\u0639 \u0628\u0647 \u0628\u0627\u0632\u0627\u0646\u0628\u0627\u0634\u062a \u06a9\u0648\u06cc\u0646 \u06a9\u0631\u062f\u0647\u200c\u0627\u0646\u062f. \u062f\u0631 \u06a9\u0646\u0627\u0631 \u0627\u06cc\u0646 \u067e\u062f\u06cc\u062f\u0647\u060c \u0637\u06cc \u0627\u062a\u0641\u0627\u0642\u06cc \u062a\u0627\u0631\u06cc\u062e\u06cc\u060c \u0645\u062c\u0645\u0648\u0639\u0647 \u062c\u062f\u06cc\u062f\u06cc \u0627\u0632 <strong>ETF \u0647\u0627\u06cc \u0646\u0642\u062f\u06cc \u0627\u062a\u0631\u06cc\u0648\u0645<\/strong> \u062f\u0631 \u0622\u0645\u0631\u06cc\u06a9\u0627 \u062a\u0623\u06cc\u06cc\u062f \u0634\u062f \u06a9\u0647 \u0645\u0646\u062c\u0631 \u0628\u0647 \u0631\u0634\u062f \u0628\u06cc\u0634 \u0627\u0632 \u06f2\u06f0\u066a \u0642\u06cc\u0645\u062a ETH \u0634\u062f. \u062f\u0631 \u0627\u06cc\u0646 \u0646\u0633\u062e\u0647 \u0627\u0632 \u0647\u0641\u062a\u0647\u200c\u0646\u0627\u0645\u0647 \u062a\u062d\u0644\u06cc\u0644 \u06af\u0644\u0633\u0646\u0648\u062f\u060c \u0642\u0635\u062f \u062f\u0627\u0631\u06cc\u0645 \u0628\u0647 \u0633\u0631\u0627\u063a \u0645\u0648\u0636\u0648\u0639\u0627\u062a \u0632\u06cc\u0631 \u0628\u067e\u0631\u062f\u0627\u0632\u06cc\u0645:<\/p>\n<ul>\n<li>\u0647\u0631 \u062f\u0648 \u0628\u0627\u0632\u0627\u0631 <strong>\u0627\u062a\u0631\u06cc\u0648\u0645 \u0648 \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646<\/strong> \u0628\u0639\u062f \u0627\u0632 \u062f\u0648\u0631\u0647 \u062a\u062b\u0628\u06cc\u062a \u067e\u0633\u0627 ETF\u060c \u0646\u0634\u0627\u0646\u0647\u200c\u0647\u0627\u06cc\u06cc \u0627\u0632 \u0642\u062f\u0631\u062a \u0631\u0627 \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u0646\u062f\u060c \u0627\u06af\u0631\u0686\u0647 \u0646\u0645\u0648\u062f\u0627\u0631\u0647\u0627\u06cc \u0642\u06cc\u0645\u062a \u0627\u0632 \u0645\u0627\u0647 \u0645\u0627\u0631\u0633 \u062a\u0627\u06a9\u0646\u0648\u0646 \u067e\u0631\u0646\u0648\u0633\u0627\u0646 \u0628\u0648\u062f\u0647\u200c\u0627\u0646\u062f.<\/li>\n<li>\u06a9\u0645\u06cc\u0633\u06cc\u0648\u0646 \u0628\u0648\u0631\u0633 \u0648 \u0627\u0648\u0631\u0627\u0642 \u0628\u0647\u0627\u062f\u0627\u0631 (SEC)\u060c \u0628\u0627 \u062a\u0623\u06cc\u06cc\u062f ETF \u0647\u0627\u06cc \u0646\u0642\u062f\u06cc \u0627\u062a\u0631\u06cc\u0648\u0645 \u0628\u0627\u0632\u0627\u0631 \u0631\u0627 \u063a\u0627\u0641\u0644\u06af\u06cc\u0631 \u06a9\u0631\u062f \u0648 \u0628\u0627\u0639\u062b \u0631\u0634\u062f \u0628\u06cc\u0634 \u0627\u0632 \u06f2\u06f0\u066a \u0642\u06cc\u0645\u062a ETH \u0634\u062f.<\/li>\n<li>\u062c\u0631\u06cc\u0627\u0646 \u062e\u0627\u0644\u0635 ETF \u0647\u0627\u06cc \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u0647\u0645 \u0628\u0639\u062f \u0627\u0632 \u0686\u0647\u0627\u0631 \u0647\u0641\u062a\u0647 \u062e\u0631\u0648\u062c \u0633\u0631\u0645\u0627\u06cc\u0647\u060c \u062c\u0631\u06cc\u0627\u0646 \u0645\u062b\u0628\u062a \u0633\u0631\u0645\u0627\u06cc\u0647 \u0631\u0627 \u062a\u062c\u0631\u0628\u0647 \u06a9\u0631\u062f\u0646\u062f \u0648 \u0627\u06cc\u0646 \u0646\u0634\u0627\u0646\u200c\u062f\u0647\u0646\u062f\u0647 \u0631\u0634\u062f \u062f\u0648\u0628\u0627\u0631\u0647 \u062a\u0642\u0627\u0636\u0627 \u0627\u0632 \u0637\u0631\u0641 \u0645\u0648\u0633\u0633\u0627\u062a \u0627\u0633\u062a.<\/li>\n<li>\u0641\u0634\u0627\u0631 \u0639\u0631\u0636\u0647 \u0647\u0648\u0644\u062f\u0631\u0647\u0627\u06cc \u0628\u0644\u0646\u062f \u0645\u062f\u062a \u0628\u0647 \u0637\u0631\u0632 \u0642\u0627\u0628\u0644 \u062a\u0648\u062c\u0647\u06cc \u06a9\u0627\u0647\u0634 \u06cc\u0627\u0641\u062a\u0647\u060c \u0628\u0647 \u0637\u0648\u0631\u06cc\u06a9\u0647 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u062f\u0648\u0628\u0627\u0631\u0647 \u0627\u0644\u06af\u0648\u0647\u0627\u06cc \u0627\u0646\u0628\u0627\u0634\u062a \u0631\u0627 \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u0646\u062f\u061b \u0627\u06cc\u0646 \u06cc\u0639\u0646\u06cc \u0628\u0631\u0627\u06cc \u0634\u0631\u0648\u0639 \u0645\u0648\u062c \u0635\u0639\u0648\u062f\u06cc \u0628\u0639\u062f\u06cc \u0646\u06cc\u0627\u0632 \u0628\u0647 \u0627\u0641\u0632\u0627\u06cc\u0634 \u0646\u0648\u0633\u0627\u0646 \u0642\u06cc\u0645\u062a \u0627\u0633\u062a.<\/li>\n<\/ul>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-flat ez-toc-counter-rtl ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">\u0641\u0647\u0631\u0633\u062a \u0645\u0637\u0627\u0644\u0628<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1a1a1a;color:#1a1a1a\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1a1a1a;color:#1a1a1a\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bitpin.ir\/academy\/glassnode-onchain-analysis-week-22-2024\/#%d9%81%d9%86%d8%b1-%d9%81%d8%b4%d8%b1%d8%af%d9%87-%d8%a8%d8%a7%d8%b2%d8%a7%d8%b1\" >\u0641\u0646\u0631 \u0641\u0634\u0631\u062f\u0647 \u0628\u0627\u0632\u0627\u0631<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bitpin.ir\/academy\/glassnode-onchain-analysis-week-22-2024\/#%d8%a8%d8%a7%d8%b2%da%af%d8%b4%d8%aa-%d8%ae%d8%b1%db%8c%d8%af%d8%a7%d8%b1%d8%a7%d9%86-etf\" >\u0628\u0627\u0632\u06af\u0634\u062a \u062e\u0631\u06cc\u062f\u0627\u0631\u0627\u0646 ETF<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bitpin.ir\/academy\/glassnode-onchain-analysis-week-22-2024\/#%d8%a8%d8%a7%d8%b2%da%af%d8%b4%d8%aa-%d8%a8%d9%87-%d8%b3%d8%b1%d8%ae%d9%88%d8%b4%db%8c\" >\u0628\u0627\u0632\u06af\u0634\u062a \u0628\u0647 \u0633\u0631\u062e\u0648\u0634\u06cc<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bitpin.ir\/academy\/glassnode-onchain-analysis-week-22-2024\/#%d9%81%d8%b9%d8%a7%d9%84%db%8c%d8%aa-%d8%ab%d8%b1%d9%88%d8%aa%d9%85%d9%86%d8%af%d8%a7%d9%86-%d8%a8%d8%a7%d8%b2%d8%a7%d8%b1\" >\u0641\u0639\u0627\u0644\u06cc\u062a \u062b\u0631\u0648\u062a\u0645\u0646\u062f\u0627\u0646 \u0628\u0627\u0632\u0627\u0631<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/bitpin.ir\/academy\/glassnode-onchain-analysis-week-22-2024\/#%d8%ac%d9%85%d8%b9-%d8%a8%d9%86%d8%af%db%8c-%d9%86%d9%87%d8%a7%db%8c%db%8c\" >\u062c\u0645\u0639 \u0628\u0646\u062f\u06cc \u0646\u0647\u0627\u06cc\u06cc<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"%d9%81%d9%86%d8%b1-%d9%81%d8%b4%d8%b1%d8%af%d9%87-%d8%a8%d8%a7%d8%b2%d8%a7%d8%b1\"><\/span>\u0641\u0646\u0631 \u0641\u0634\u0631\u062f\u0647 \u0628\u0627\u0632\u0627\u0631<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u0628\u0639\u062f \u0627\u0632 \u062b\u0628\u062a \u0639\u0645\u06cc\u0642\u200c\u062a\u0631\u06cc\u0646 \u0627\u0635\u0644\u0627\u062d \u0642\u06cc\u0645\u062a \u0627\u0632 \u0632\u0645\u0627\u0646 \u06a9\u0641 FTX (\u0628\u0647 \u0645\u0642\u062f\u0627\u0631 \u06f2\u06f0.\u06f3\u066a \u062f\u0631\u0635\u062f)\u060c \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u062f\u0648\u0628\u0627\u0631\u0647 \u062d\u0631\u06a9\u062a \u0628\u0647 \u0633\u0645\u062a \u0642\u0644\u0647 \u062a\u0627\u0631\u06cc\u062e\u06cc \u062c\u062f\u06cc\u062f \u0631\u0627 \u0622\u063a\u0627\u0632 \u06a9\u0631\u062f \u0648 \u062f\u0631 <strong>\u0631\u0648\u0632 \u06f2\u06f0 \u0645\u06cc \u0628\u0647 \u0633\u0637\u062d \u06f7\u06f1 \u0647\u0632\u0627\u0631 \u062f\u0644\u0627\u0631<\/strong> \u0631\u0633\u06cc\u062f. \u0627\u06af\u0631 \u0628\u062e\u0648\u0627\u0647\u06cc\u0645 \u0646\u06af\u0627\u0647\u06cc \u0645\u0642\u0627\u06cc\u0633\u0647\u200c\u0627\u06cc \u0628\u0647 \u0627\u06cc\u0646 \u0648\u0636\u0639\u06cc\u062a \u0628\u06cc\u0646\u062f\u0627\u0632\u06cc\u0645\u060c \u0645\u06cc\u200c\u0628\u0646\u06cc\u0645 \u06a9\u0647 \u0627\u0644\u06af\u0648\u06cc \u062f\u0631\u0627\u062f\u0627\u0646 \u0631\u0648\u0646\u062f \u0635\u0639\u0648\u062f\u06cc \u06f2\u06f4-\u06f2\u06f0\u06f2\u06f3\u060c \u0628\u0647 \u0637\u0631\u0632 \u062e\u0627\u0631\u0642\u200c\u0627\u0644\u0639\u0627\u062f\u0647\u200c\u0627\u06cc \u0645\u0634\u0627\u0628\u0647 \u0628\u0627 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\u0628\u06af\u0630\u0627\u0631\u06cc\u0645\u060c \u0645\u06cc\u200c\u062a\u0648\u0627\u0646 \u0628\u0647 \u0627\u06cc\u0646 \u0646\u062a\u06cc\u062c\u0647 \u0631\u0633\u06cc\u062f \u06a9\u0647 \u0631\u0648\u0646\u062f \u0635\u0639\u0648\u062f\u06cc \u06a9\u0646\u0648\u0646\u06cc \u0647\u0645 \u0627\u0632 \u062a\u0642\u0627\u0636\u0627\u06cc \u0628\u0627\u0632\u0627\u0631 \u0646\u0642\u062f\u06cc \u0646\u0634\u0623\u062a \u06af\u0631\u0641\u062a\u0647 \u0627\u0633\u062a. \u0627\u06cc\u0646 \u062f\u06cc\u062f\u06af\u0627\u0647 \u0628\u0627 \u0631\u0627\u0647\u200c\u0627\u0646\u062f\u0627\u0632\u06cc \u0648 \u0648\u0631\u0648\u062f \u0633\u0631\u0645\u0627\u06cc\u0647 ETF \u0647\u0627 \u062a\u0623\u06cc\u06cc\u062f \u0645\u06cc\u200c\u0634\u0648\u062f.<\/p>\n<div id=\"attachment_46087\" style=\"width: 994px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-46087\" class=\"size-full wp-image-46087\" src=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bull-market-drawdowns.jpg\" alt=\"\u062f\u0631\u0627\u062f\u0627\u0646\u200c\u0647\u0627\u06cc \u0631\u0648\u0646\u062f\u0647\u0627\u06cc \u0635\u0639\u0648\u062f\u06cc \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646\" width=\"984\" height=\"501\" srcset=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bull-market-drawdowns.jpg 984w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bull-market-drawdowns-300x153.jpg 300w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bull-market-drawdowns-768x391.jpg 768w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bull-market-drawdowns-640x326.jpg 640w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bull-market-drawdowns-340x173.jpg 340w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bull-market-drawdowns-460x234.jpg 460w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bull-market-drawdowns-112x57.jpg 112w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bull-market-drawdowns-760x387.jpg 760w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bull-market-drawdowns-160x81.jpg 160w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bull-market-drawdowns-290x148.jpg 290w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bull-market-drawdowns-475x242.jpg 475w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bull-market-drawdowns-360x183.jpg 360w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bull-market-drawdowns-36x18.jpg 36w\" sizes=\"(max-width: 984px) 100vw, 984px\" \/><p id=\"caption-attachment-46087\" class=\"wp-caption-text\">\u062f\u0631\u0627\u062f\u0627\u0646\u200c\u0647\u0627\u06cc \u0631\u0648\u0646\u062f\u0647\u0627\u06cc \u0635\u0639\u0648\u062f\u06cc \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646<\/p><\/div>\n<p><a href=\"https:\/\/bitpin.ir\/coin\/ETH\/\"><strong>\u0627\u0631\u0632 \u0627\u062a\u0631\u06cc\u0648\u0645<\/strong><\/a> \u0647\u0645 \u0627\u0632 \u0632\u0645\u0627\u0646 \u062b\u0628\u062a \u06a9\u0641 FTX\u060c \u0646\u0633\u0628\u062a \u0628\u0647 \u0686\u0631\u062e\u0647\u200c\u0647\u0627\u06cc \u0635\u0639\u0648\u062f\u06cc \u0642\u0628\u0644\u06cc \u0627\u0635\u0644\u0627\u062d\u0627\u062a \u0628\u0647 \u0645\u0631\u0627\u062a\u0628 \u0633\u0637\u062d\u06cc\u200c\u062a\u0631\u06cc \u0631\u0627 \u062b\u0628\u062a \u06a9\u0631\u062f\u0647 \u0627\u0633\u062a. \u0627\u06cc\u0646 \u0633\u0627\u062e\u062a\u0627\u0631 \u0646\u0634\u0627\u0646\u200c\u062f\u0647\u0646\u062f\u0647 \u0622\u0646 \u0627\u0633\u062a \u06a9\u0647 \u0645\u0642\u0627\u0648\u0645\u062a \u0648 \u0634\u06a9\u06cc\u0628\u0627\u06cc\u06cc \u0628\u0627\u0632\u0627\u0631 \u062f\u0631 \u0647\u0631 \u067e\u0648\u0644\u0628\u06a9 \u0642\u06cc\u0645\u062a\u060c \u0631\u0634\u062f \u0686\u0634\u0645\u06af\u06cc\u0631\u06cc \u062f\u0627\u0634\u062a\u0647 \u0648 \u0647\u0645\u06cc\u0646 \u0627\u0645\u0631 \u0628\u0627\u0639\u062b \u06a9\u0627\u0647\u0634 \u0646\u0648\u0633\u0627\u0646\u0627\u062a \u0634\u062f\u0647 \u0627\u0633\u062a.<\/p>\n<p>\u0627\u06af\u0631\u0686\u0647 \u0644\u0627\u0632\u0645 \u0628\u0647 \u0630\u06a9\u0631 \u0627\u0633\u062a \u06a9\u0647 \u0627\u062a\u0631\u06cc\u0648\u0645 \u0628\u0647 \u0646\u0633\u0628\u062a \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646\u060c \u0631\u06cc\u06a9\u0627\u0648\u0631\u06cc \u06a9\u064f\u0646\u062f\u062a\u0631\u06cc \u062f\u0627\u0634\u062a\u0647 \u0627\u0633\u062a. \u0627\u06cc\u0646 \u0631\u0645\u0632\u0627\u0631\u0632 \u062f\u0631 \u06f2 \u0633\u0627\u0644 \u06af\u0630\u0634\u062a\u0647\u060c \u062f\u0631 \u0645\u0642\u0627\u06cc\u0633\u0647 \u0628\u0627 \u062f\u06cc\u06af\u0631 \u062f\u0627\u0631\u0627\u06cc\u06cc\u200c\u0647\u0627\u06cc \u0628\u0631\u062a\u0631 \u0628\u0627\u0632\u0627\u0631 \u06a9\u0631\u06cc\u067e\u062a\u0648 \u0636\u0639\u06cc\u0641\u200c\u062a\u0631 \u0639\u0645\u0631 \u06a9\u0631\u062f\u0647 \u0627\u0633\u062a\u061b \u0686\u06cc\u0632\u06cc \u06a9\u0647 \u062f\u0631 \u0631\u06cc\u0632\u0634 \u0645\u062f\u0627\u0648\u0645 \u0646\u0633\u0628\u062a ETH\/BTC \u0647\u0645 \u0645\u0634\u0647\u0648\u062f \u0627\u0633\u062a.<\/p>\n<div>\u0627\u0644\u0628\u062a\u0647 \u062a\u0623\u06cc\u06cc\u062f ETF \u0647\u0627\u06cc \u0646\u0642\u062f\u06cc \u0627\u062a\u0631\u06cc\u0648\u0645 \u062f\u0631 \u0627\u06cc\u0646 \u0647\u0641\u062a\u0647\u060c \u0631\u0648\u06cc\u062f\u0627\u062f \u063a\u06cc\u0631 \u0645\u0646\u062a\u0638\u0631\u0647 \u0648 \u0628\u0647 \u0634\u062f\u062a \u0645\u062b\u0628\u062a\u06cc \u0628\u0648\u062f \u06a9\u0647 \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u062f \u0645\u062d\u0631\u06a9 \u0644\u0627\u0632\u0645 \u0628\u0631\u0627\u06cc \u0627\u0641\u0632\u0627\u06cc\u0634 \u0642\u062f\u0631\u062a \u0627\u062a\u0631\u06cc\u0648\u0645 \u0648 \u0631\u0634\u062f <strong>\u0646\u0633\u0628\u062a ETH\/BTC<\/strong> \u0631\u0627 \u0627\u06cc\u062c\u0627\u062f \u06a9\u0646\u062f.<\/div>\n<div id=\"attachment_46086\" style=\"width: 994px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-46086\" class=\"size-full wp-image-46086\" src=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/ETH-Bull-market-drawdowns.jpg\" alt=\"\u062f\u0631\u0627\u062f\u0627\u0646\u200c\u0647\u0627\u06cc \u0631\u0648\u0646\u062f\u0647\u0627\u06cc \u0635\u0639\u0648\u062f\u06cc \u0627\u062a\u0631\u06cc\u0648\u0645\" width=\"984\" height=\"501\" srcset=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/ETH-Bull-market-drawdowns.jpg 984w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/ETH-Bull-market-drawdowns-300x153.jpg 300w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/ETH-Bull-market-drawdowns-768x391.jpg 768w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/ETH-Bull-market-drawdowns-640x326.jpg 640w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/ETH-Bull-market-drawdowns-340x173.jpg 340w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/ETH-Bull-market-drawdowns-460x234.jpg 460w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/ETH-Bull-market-drawdowns-112x57.jpg 112w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/ETH-Bull-market-drawdowns-760x387.jpg 760w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/ETH-Bull-market-drawdowns-160x81.jpg 160w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/ETH-Bull-market-drawdowns-290x148.jpg 290w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/ETH-Bull-market-drawdowns-475x242.jpg 475w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/ETH-Bull-market-drawdowns-360x183.jpg 360w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/ETH-Bull-market-drawdowns-36x18.jpg 36w\" sizes=\"(max-width: 984px) 100vw, 984px\" \/><p id=\"caption-attachment-46086\" class=\"wp-caption-text\">\u062f\u0631\u0627\u062f\u0627\u0646\u200c\u0647\u0627\u06cc \u0631\u0648\u0646\u062f\u0647\u0627\u06cc \u0635\u0639\u0648\u062f\u06cc \u0627\u062a\u0631\u06cc\u0648\u0645<\/p><\/div>\n<p>\u062d\u0627\u0644 \u0627\u06af\u0631 \u0628\u062e\u0648\u0627\u0647\u06cc\u0645 \u0639\u0645\u0644\u06a9\u0631\u062f \u062f\u0648\u0631\u0647\u200c\u0627\u06cc \u0628\u0627\u0632\u0627\u0631 \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u062f\u0631 \u062a\u0627\u06cc\u0645\u200c\u0641\u0631\u06cc\u0645\u200c\u0647\u0627\u06cc \u0647\u0641\u062a\u06af\u06cc \ud83d\udfe5\u060c \u0645\u0627\u0647\u0627\u0646\u0647 \ud83d\udfe6\u060c \u0648 \u0633\u0647 \u0645\u0627\u0647\u0647\ud83d\udfe7\u0631\u0627 \u0628\u0631\u0631\u0633\u06cc \u06a9\u0646\u06cc\u0645\u060c \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u06cc\u0645 \u0639\u0645\u0644\u06a9\u0631\u062f \u0642\u062f\u0631\u062a\u0645\u0646\u062f \u0627\u06cc\u0646 \u062f\u0627\u0631\u0627\u06cc\u06cc \u0631\u0627 \u0628\u0627 \u0645\u0642\u0627\u062f\u06cc\u0631 \u06f3.\u06f3\u066a \u0648 \u06f7.\u06f4\u066a \u0648 \u06f2\u06f5.\u06f6\u066a \u0628\u0628\u06cc\u0646\u06cc\u0645.<\/p>\n<p>\u0628\u0631\u0627\u06cc \u0646\u0645\u0627\u06cc\u0634 \u0628\u0647\u062a\u0631 \u062f\u0648\u0631\u0647\u200c\u0647\u0627\u06cc \u0639\u0645\u0644\u06a9\u0631\u062f \u0642\u062f\u0631\u062a\u0645\u0646\u062f \u0642\u06cc\u0645\u062a\u060c \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u06cc\u0645 \u062a\u0639\u062f\u0627\u062f \u0631\u0648\u0632\u0647\u0627\u06cc \u0645\u0639\u0627\u0645\u0644\u0627\u062a\u06cc \u062f\u0631 \u0628\u0627\u0632\u0647\u200c\u0647\u0627\u06cc \u06f9\u06f0 \u0631\u0648\u0632\u0647 \u06a9\u0647 \u0642\u06cc\u0645\u062a \u062f\u0631 \u0647\u0645\u0647 \u062a\u0627\u06cc\u0645\u200c\u0641\u0631\u06cc\u0645\u200c\u0647\u0627 \u0631\u0634\u062f \u0628\u06cc\u0634 \u0627\u0632 \u06f2\u06f0\u066a \u062f\u0627\u0634\u062a\u0647 \u0631\u0627 \u0628\u0634\u0645\u0627\u0631\u06cc\u0645. \u062a\u0627 \u0628\u0647 \u0627\u06cc\u0646 \u0644\u062d\u0638\u0647\u060c \u062a\u0646\u0647\u0627 \u06f5 \u0631\u0648\u0632 \u062f\u0631 \u0633\u0647 \u0645\u0627\u0647\u0647 \u0627\u062e\u06cc\u0631 \u0628\u0647 \u0627\u06cc\u0646 \u0622\u0633\u062a\u0627\u0646\u0647 \u0631\u0633\u06cc\u062f\u0647 \u0627\u0633\u062a.<\/p>\n<p>\u062f\u0631 \u0686\u0631\u062e\u0647\u200c\u0647\u0627\u06cc \u0642\u0628\u0644\u06cc\u060c \u0627\u06cc\u0646 \u062a\u0639\u062f\u0627\u062f \u0628\u0647 <strong>\u06f1\u06f8 \u062a\u0627 \u06f2\u06f6 \u0631\u0648\u0632<\/strong> \u0631\u0633\u06cc\u062f\u0647 \u0628\u0648\u062f\u061b \u067e\u062f\u06cc\u062f\u0647\u200c\u0627\u06cc \u06a9\u0647 \u0628\u0647 \u0645\u0627 \u0645\u06cc\u200c\u06af\u0648\u06cc\u062f\u060c \u0634\u0627\u06cc\u062f \u0628\u0627\u0632\u0627\u0631 \u06a9\u0646\u0648\u0646\u06cc \u062a\u0627 \u062d\u062f\u0648\u062f\u06cc \u0633\u0646\u062c\u06cc\u062f\u0647\u200c\u062a\u0631 \u0627\u0632 \u0631\u0648\u0646\u062f\u0647\u0627\u06cc \u0635\u0639\u0648\u062f\u06cc \u0642\u0628\u0644\u06cc \u062d\u0631\u06a9\u062a \u06a9\u0646\u062f.<\/p>\n<div id=\"attachment_46085\" style=\"width: 994px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-46085\" class=\"size-full wp-image-46085\" src=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bitcoin-Performance.jpg\" alt=\"\u0639\u0645\u0644\u06a9\u0631\u062f \u0647\u0641\u062a\u06af\u06cc\u060c \u0645\u0627\u0647\u0627\u0646\u0647 \u0648 \u0633\u0647 \u0645\u0627\u0647\u0647 \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646\" width=\"984\" height=\"500\" srcset=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bitcoin-Performance.jpg 984w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bitcoin-Performance-300x152.jpg 300w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bitcoin-Performance-768x390.jpg 768w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bitcoin-Performance-640x325.jpg 640w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bitcoin-Performance-340x173.jpg 340w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bitcoin-Performance-460x234.jpg 460w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bitcoin-Performance-112x57.jpg 112w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bitcoin-Performance-760x386.jpg 760w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bitcoin-Performance-160x81.jpg 160w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bitcoin-Performance-290x147.jpg 290w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bitcoin-Performance-475x241.jpg 475w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bitcoin-Performance-360x183.jpg 360w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Bitcoin-Performance-36x18.jpg 36w\" sizes=\"(max-width: 984px) 100vw, 984px\" \/><p id=\"caption-attachment-46085\" class=\"wp-caption-text\">\u0639\u0645\u0644\u06a9\u0631\u062f \u0647\u0641\u062a\u06af\u06cc\u060c \u0645\u0627\u0647\u0627\u0646\u0647 \u0648 \u0633\u0647 \u0645\u0627\u0647\u0647 \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646<\/p><\/div>\n<p>\u062d\u0627\u0644\u0627 \u06a9\u0647 ETF \u0647\u0627\u06cc \u0627\u062a\u0631\u06cc\u0648\u0645 \u0647\u0645 \u062a\u0623\u06cc\u06cc\u062f \u0634\u062f\u0647\u060c \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u06cc\u0645 \u0647\u0645\u06cc\u0646 \u0633\u0628\u06a9 \u0627\u0631\u0632\u06cc\u0627\u0628\u06cc \u0631\u0627 \u0628\u0631\u0627\u06cc \u0627\u06cc\u0646 \u0631\u0645\u0632\u0627\u0631\u0632 \u0647\u0645 \u0628\u06a9\u0627\u0631 \u0628\u0628\u0631\u06cc\u0645 \u062a\u0627 \u062a\u0623\u062b\u06cc\u0631 \u0639\u0638\u06cc\u0645 \u0627\u06cc\u0646 \u0635\u0646\u062f\u0648\u0642\u200c\u0647\u0627 \u0631\u0648\u06cc \u0622\u0646 \u0631\u0627 \u0628\u0647\u062a\u0631 \u062f\u0631\u06a9 \u06a9\u0646\u06cc\u0645. \u062e\u0628\u0631 \u062a\u0623\u06cc\u06cc\u062f \u0627\u06cc\u0646 \u0635\u0646\u062f\u0648\u0642\u200c\u0647\u0627\u060c \u062a\u0642\u0631\u06cc\u0628\u0627\u064b \u0628\u0647 \u0637\u0648\u0631 \u0622\u0646\u06cc \u0641\u0634\u0627\u0631 \u062e\u0631\u06cc\u062f \u0628\u0627\u0632\u0627\u0631 \u0631\u0627 \u0627\u0641\u0632\u0627\u06cc\u0634 \u062f\u0627\u062f\u060c \u0628\u0647 \u0637\u0648\u0631\u06cc\u06a9\u0647 \u0647\u0631 \u0633\u0647 \u062a\u0627\u06cc\u0645\u200c\u0641\u0631\u06cc\u0645\u060c \u0628\u0631\u0627\u06cc \u0627\u0648\u0644\u06cc\u0646 \u0628\u0627\u0631 \u0627\u0632 \u0627\u0648\u0627\u062e\u0631 \u06f2\u06f0\u06f2\u06f1\u060c \u0631\u0634\u062f \u0628\u06cc\u0634 \u0627\u0632 \u06f2\u06f0\u066a \u0631\u0627 \u062a\u062c\u0631\u0628\u0647 \u06a9\u0631\u062f\u0646\u062f.<\/p>\n<p>\u0627\u06af\u0631 \u062a\u0623\u062b\u06cc\u0631 \u0639\u0638\u06cc\u0645 ETF \u0647\u0627\u06cc \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u0627\u0632 \u0627\u0628\u062a\u062f\u0627\u06cc \u0633\u0627\u0644 \u062c\u0627\u0631\u06cc \u0631\u0627 \u0631\u0648\u06cc \u0627\u062a\u0631\u06cc\u0648\u0645 \u0647\u0645 \u0628\u0627\u0632\u062a\u0627\u0628 \u062f\u0647\u06cc\u0645\u060c \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u06cc\u0645 \u0627\u0646\u062a\u0638\u0627\u0631 \u062f\u0627\u0634\u062a\u0647 \u0628\u0627\u0634\u06cc\u0645 \u06a9\u0647 <strong>\u062c\u0641\u062a \u0627\u0631\u0632 ETH\/BTC<\/strong> \u0627\u0648\u0644\u06cc\u0646 \u0646\u0634\u0627\u0646\u0647\u200c\u0647\u0627\u06cc \u0627\u0645\u06cc\u062f \u0628\u062e\u0634 \u062f\u0631 \u0647\u0641\u062a\u0647\u200c\u0647\u0627\u06cc \u067e\u06cc\u0634 \u0631\u0648 \u0631\u0627 \u0646\u0634\u0627\u0646 \u0628\u062f\u0647\u062f.<\/p>\n<div id=\"attachment_46084\" style=\"width: 994px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-46084\" class=\"size-full wp-image-46084\" src=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Ethereum-Performance.jpg\" alt=\"\u0639\u0645\u0644\u06a9\u0631\u062f \u0647\u0641\u062a\u06af\u06cc\u060c \u0645\u0627\u0647\u0627\u0646\u0647 \u0648 \u0633\u0647 \u0645\u0627\u0647\u0647 \u0627\u062a\u0631\u06cc\u0648\u0645\" width=\"984\" height=\"501\" srcset=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Ethereum-Performance.jpg 984w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Ethereum-Performance-300x153.jpg 300w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Ethereum-Performance-768x391.jpg 768w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Ethereum-Performance-640x326.jpg 640w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Ethereum-Performance-340x173.jpg 340w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Ethereum-Performance-460x234.jpg 460w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Ethereum-Performance-112x57.jpg 112w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Ethereum-Performance-760x387.jpg 760w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Ethereum-Performance-160x81.jpg 160w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Ethereum-Performance-290x148.jpg 290w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Ethereum-Performance-475x242.jpg 475w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Ethereum-Performance-360x183.jpg 360w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/Ethereum-Performance-36x18.jpg 36w\" sizes=\"(max-width: 984px) 100vw, 984px\" \/><p id=\"caption-attachment-46084\" class=\"wp-caption-text\">\u0639\u0645\u0644\u06a9\u0631\u062f \u0647\u0641\u062a\u06af\u06cc\u060c \u0645\u0627\u0647\u0627\u0646\u0647 \u0648 \u0633\u0647 \u0645\u0627\u0647\u0647 \u0627\u062a\u0631\u06cc\u0648\u0645<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"%d8%a8%d8%a7%d8%b2%da%af%d8%b4%d8%aa-%d8%ae%d8%b1%db%8c%d8%af%d8%a7%d8%b1%d8%a7%d9%86-etf\"><\/span><strong>\u0628\u0627\u0632\u06af\u0634\u062a \u062e\u0631\u06cc\u062f\u0627\u0631\u0627\u0646 ETF<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u0646\u0645\u0648\u062f\u0627\u0631 \u0642\u06cc\u0645\u062a \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u062f\u0631 \u0627\u0648\u0627\u06cc\u0644 \u0645\u0627\u0647 \u0645\u0627\u0631\u0633 \u062a\u0648\u0627\u0646\u0633\u062a \u0628\u0627 \u0639\u0628\u0648\u0631 \u0627\u0632 ATH \u0642\u0628\u0644\u06cc\u060c \u0628\u0647 \u0633\u0637\u062d \u06f7\u06f3 \u0647\u0632\u0627\u0631 \u062f\u0644\u0627\u0631 \u0628\u0631\u0633\u062f\u060c \u0647\u0645\u0632\u0645\u0627\u0646 \u0628\u0627 \u0647\u0645\u06cc\u0646 \u0631\u0634\u062f \u0642\u06cc\u0645\u062a\u060c \u0647\u0648\u0644\u062f\u0631\u0647\u0627\u06cc \u0628\u0644\u0646\u062f \u0645\u062f\u062a \u062f\u0631 \u062d\u0627\u0644 \u0639\u0631\u0636\u0647 \u0628\u062e\u0634 \u0642\u0627\u0628\u0644 \u062a\u0648\u062c\u0647\u06cc \u0627\u0632 \u0645\u0648\u062c\u0648\u062f\u06cc \u062e\u0648\u062f \u0628\u0648\u062f\u0646\u062f. \u062f\u0631 \u0646\u062a\u06cc\u062c\u0647\u060c \u0641\u0631\u0648\u0634\u0646\u062f\u06af\u0627\u0646 \u0628\u0627\u0632\u0627\u0631 \u0628\u0631\u0627\u06cc \u0645\u062f\u062a\u06cc \u0642\u062f\u0631\u062a \u0628\u0631\u062a\u0631 \u0631\u0627 \u0628\u0647 \u062f\u0633\u062a \u06af\u0631\u0641\u062a\u0646\u062f \u0648 \u062f\u0648\u0631\u0647\u200c\u0627\u06cc \u0627\u0632 \u067e\u0648\u0644\u0628\u06a9 \u0648 \u0627\u0635\u0644\u0627\u062d \u0631\u0627 \u062e\u0644\u0642 \u06a9\u0631\u062f\u0646\u062f. \u0628\u0647 \u0645\u0631\u0648\u0631 \u0632\u0645\u0627\u0646\u060c \u0642\u06cc\u0645\u062a\u200c\u0647\u0627\u06cc \u067e\u0627\u06cc\u06cc\u0646\u200c\u062a\u0631 \u0648 \u062e\u0633\u062a\u06af\u06cc \u0641\u0631\u0648\u0634\u0646\u062f\u06af\u0627\u0646 \u0628\u0627\u0639\u062b \u0634\u0631\u0648\u0639 \u062f\u0648\u0631\u0647\u200c\u0627\u06cc \u0627\u0632 \u0628\u0627\u0632 \u0627\u0646\u0628\u0627\u0634\u062a \u0634\u062f.<\/p>\n<p>\u0627\u06cc\u0646 \u062a\u063a\u06cc\u06cc\u0631 \u0648 \u062a\u062d\u0648\u0644\u0627\u062a \u0631\u0627 \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u06cc\u0645 \u0627\u0632 \u062c\u0631\u06cc\u0627\u0646 \u0633\u0631\u0645\u0627\u06cc\u0647 ETF \u0647\u0627\u06cc\u06cc \u06a9\u0647 \u062f\u0631 \u0637\u0648\u0644 \u0645\u0627\u0647 \u0622\u067e\u0631\u06cc\u0644\u060c \u062f\u0686\u0627\u0631 \u062e\u0631\u0648\u062c \u0633\u0631\u0645\u0627\u06cc\u0647 \u0645\u062f\u0627\u0648\u0645 \u0634\u062f\u0647 \u0628\u0648\u062f\u0646\u062f\u060c \u0628\u0628\u06cc\u0646\u06cc\u0645. \u0647\u0645\u0632\u0645\u0627\u0646 \u0628\u0627 \u0627\u0635\u0644\u0627\u062d \u0642\u06cc\u0645\u062a \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u062a\u0627 \u062d\u0648\u0627\u0644\u06cc \u0633\u0637\u062d \u06f5\u06f7\u066b\u06f5\u06f0\u06f0 \u062f\u0644\u0627\u0631\u060c \u0628\u0632\u0631\u06af\u06cc <strong>\u062e\u0631\u0648\u062c \u0633\u0631\u0645\u0627\u06cc\u0647 \u0627\u0632 ETF \u0647\u0627 \u0628\u0647 \u06f1\u06f4\u06f8 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u062f\u0644\u0627\u0631 \u062f\u0631 \u0631\u0648\u0632 \u0631\u0633\u06cc\u062f.<\/strong> \u0627\u06af\u0631\u0686\u0647 \u0627\u06cc\u0646 \u0627\u062a\u0641\u0627\u0642 \u062a\u0646\u0647\u0627 \u06cc\u06a9 \u0631\u06cc\u0632 \u062a\u0633\u0644\u06cc\u0645 \u0645\u0648\u0642\u062a\u06cc \u0628\u0648\u062f\u060c \u0632\u06cc\u0631\u0627 \u0642\u06cc\u0645\u062a \u0628\u0639\u062f \u0627\u0632 \u0622\u0646 \u062c\u0647\u0634\u06cc \u0633\u0631\u06cc\u0639 \u0631\u0627 \u062a\u062c\u0631\u0628\u0647 \u06a9\u0631\u062f.<\/p>\n<p>\u0647\u0641\u062a\u0647 \u06af\u0630\u0634\u062a\u0647\u060c ETF \u0647\u0627 \u0648\u0631\u0648\u062f \u0633\u0631\u0645\u0627\u06cc\u0647 \u062e\u0627\u0631\u0642\u200c\u0627\u0644\u0639\u0627\u062f\u0647 \u06f2\u06f4\u06f2 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u062f\u0644\u0627\u0631 \u062f\u0631 \u0631\u0648\u0632 \u0631\u0627 \u062a\u062c\u0631\u0628\u0647 \u06a9\u0631\u062f\u0646\u062f\u061b \u067e\u062f\u06cc\u062f\u0647\u200c\u0627\u06cc \u06a9\u0647 \u062e\u0628\u0631 \u0627\u0632 \u0628\u0627\u0632\u06af\u0634\u062a \u062e\u0631\u06cc\u062f\u0627\u0631\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u062f. <strong>\u0628\u0627 \u062a\u0648\u062c\u0647 \u0628\u0647 \u0641\u0634\u0627\u0631 \u0641\u0631\u0648\u0634 \u0645\u0644\u0627\u06cc\u0645 \u0645\u0627\u06cc\u0646\u0631\u0647\u0627 \u0628\u0639\u062f \u0627\u0632 \u0647\u0627\u0648\u06cc\u0646\u06af \u06a9\u0647 \u0628\u0647 \u06f3\u06f2 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u062f\u0644\u0627\u0631 \u062f\u0631 \u0631\u0648\u0632 \u0631\u0633\u06cc\u062f\u0647 \u0627\u0633\u062a\u060c \u0645\u06cc\u200c\u0628\u06cc\u0646\u06cc\u0645 \u06a9\u0647 \u0641\u0634\u0627\u0631 \u062e\u0631\u06cc\u062f ETF \u0647\u0627 \u0628\u0647 \u06f8 \u0628\u0631\u0627\u0628\u0631 \u0627\u06cc\u0646 \u0645\u0642\u062f\u0627\u0631 \u0631\u0633\u06cc\u062f\u0647 \u0627\u0633\u062a.<\/strong> \u0627\u06cc\u0646 \u067e\u062f\u06cc\u062f\u0647\u060c \u062a\u0623\u062b\u06cc\u0631 \u0639\u0638\u06cc\u0645 ETF \u0647\u0627 \u0648 \u062a\u0623\u062b\u06cc\u0631 \u0646\u0633\u0628\u062a\u0627\u064b \u0627\u0646\u062f\u06a9 \u0647\u0627\u0648\u06cc\u0646\u06af \u0631\u0648\u06cc \u0628\u0627\u0632\u0627\u0631 \u0631\u0627 \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u062f.<\/p>\n<div id=\"attachment_46083\" style=\"width: 994px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-46083\" class=\"size-full wp-image-46083\" src=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/etf-inflow-and-issuance.jpg\" alt=\"\u062c\u0631\u06cc\u0627\u0646 \u0633\u0631\u0645\u0627\u06cc\u0647 ETF \u0647\u0627 \u0648 \u0635\u062f\u0648\u0631 \u06a9\u0648\u06cc\u0646 (\u0645\u06cc\u0627\u0646\u06af\u06cc\u0646 \u06f7 \u0631\u0648\u0632\u0647)\" width=\"984\" height=\"500\" srcset=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/etf-inflow-and-issuance.jpg 984w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/etf-inflow-and-issuance-300x152.jpg 300w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/etf-inflow-and-issuance-768x390.jpg 768w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/etf-inflow-and-issuance-640x325.jpg 640w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/etf-inflow-and-issuance-340x173.jpg 340w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/etf-inflow-and-issuance-460x234.jpg 460w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/etf-inflow-and-issuance-112x57.jpg 112w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/etf-inflow-and-issuance-760x386.jpg 760w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/etf-inflow-and-issuance-160x81.jpg 160w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/etf-inflow-and-issuance-290x147.jpg 290w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/etf-inflow-and-issuance-475x241.jpg 475w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/etf-inflow-and-issuance-360x183.jpg 360w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/etf-inflow-and-issuance-36x18.jpg 36w\" sizes=\"(max-width: 984px) 100vw, 984px\" \/><p id=\"caption-attachment-46083\" class=\"wp-caption-text\">\u062c\u0631\u06cc\u0627\u0646 \u0633\u0631\u0645\u0627\u06cc\u0647 ETF \u0647\u0627 \u0648 \u0635\u062f\u0648\u0631 \u06a9\u0648\u06cc\u0646 (\u0645\u06cc\u0627\u0646\u06af\u06cc\u0646 \u06f7 \u0631\u0648\u0632\u0647)<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"%d8%a8%d8%a7%d8%b2%da%af%d8%b4%d8%aa-%d8%a8%d9%87-%d8%b3%d8%b1%d8%ae%d9%88%d8%b4%db%8c\"><\/span>\u0628\u0627\u0632\u06af\u0634\u062a \u0628\u0647 \u0633\u0631\u062e\u0648\u0634\u06cc<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u062f\u0631\u0635\u062f \u0645\u0648\u062c\u0648\u062f\u06cc \u0633\u0648\u062f\u0622\u0648\u0631 \u0634\u0628\u06a9\u0647\u060c \u0627\u0637\u0644\u0627\u0639\u0627\u062a \u0628\u0633\u06cc\u0627\u0631 \u0627\u0631\u0632\u0634\u0645\u0646\u062f\u06cc \u0627\u0632 \u0647\u0631 \u0686\u0631\u062e\u0647 \u0628\u0627\u0632\u0627\u0631 \u0627\u0631\u0627\u0626\u0647 \u0645\u06cc\u200c\u06a9\u0646\u062f \u0648 \u062d\u0627\u0644\u0627 \u0647\u0645 \u0645\u06cc\u200c\u0628\u06cc\u0646\u06cc\u0645 \u06a9\u0647 \u0627\u0644\u06af\u0648\u0647\u0627\u06cc \u062a\u06a9\u0631\u0627\u0631\u0634\u0648\u0646\u062f\u0647\u200c\u0627\u06cc \u0627\u06cc\u062c\u0627\u062f \u0634\u062f\u0647 \u0627\u0633\u062a. \u062f\u0631 \u0637\u0648\u0644 \u0645\u0631\u0627\u062d\u0644 \u0627\u0628\u062a\u062f\u0627\u06cc\u06cc \u0631\u0648\u0646\u062f \u0635\u0639\u0648\u062f\u06cc \u0648 \u0647\u0645\u0632\u0645\u0627\u0646 \u0628\u0627 \u062a\u0644\u0627\u0634 \u0646\u0645\u0648\u062f\u0627\u0631 \u0628\u0631\u0627\u06cc \u0631\u0633\u06cc\u062f\u0646 \u0628\u0647 \u0642\u0644\u0647 \u062a\u0627\u0631\u06cc\u062e\u06cc \u0642\u0628\u0644\u06cc\u060c \u062f\u0631\u0635\u062f \u0645\u0648\u062c\u0648\u062f\u06cc \u0633\u0648\u062f\u0622\u0648\u0631 \u0627\u0632 \u0622\u0633\u062a\u0627\u0646\u0647 \u0622\u0645\u0627\u0631\u06cc \u06f9\u06f0\u066a \u062e\u0648\u062f \u0639\u0628\u0648\u0631 \u0645\u06cc\u200c\u06a9\u0646\u062f. <strong>\u0627\u06cc\u0646 \u0646\u0634\u0627\u0646\u200c\u062f\u0647\u0646\u062f\u0647 \u062f\u0648\u0631\u0647 \u067e\u06cc\u0634 \u0627\u0632 \u0633\u0631\u062e\u0648\u0634\u06cc (Pre-Euphoria) \u0627\u0633\u062a<\/strong> \u06a9\u0647 \u0637\u0628\u0642 \u062f\u0627\u062f\u0647\u200c\u0647\u0627\u06cc \u06af\u0630\u0634\u062a\u0647\u060c \u0627\u0646\u06af\u06cc\u0632\u0647\u200c\u0627\u06cc \u0628\u0631\u0627\u06cc \u062b\u0628\u062a \u0633\u0648\u062f \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u0627\u0633\u062a.<\/p>\n<p>\u0627\u06cc\u0646 \u0641\u0634\u0627\u0631 \u0641\u0631\u0648\u0634\u0646\u062f\u06af\u0627\u0646 \u0645\u0639\u0645\u0648\u0644\u0627\u064b \u0627\u0632 \u0637\u0631\u0641 \u0647\u0648\u0644\u062f\u0631\u0647\u0627\u06cc \u0628\u0644\u0646\u062f \u0645\u062f\u062a\u06cc \u06a9\u0647 \u0627\u0632 \u0641\u0631\u0635\u062a \u067e\u06cc\u0634 \u0622\u0645\u062f\u0647 \u0628\u0631\u0627\u06cc \u0639\u0631\u0636\u0647 \u062f\u0631 \u0642\u06cc\u0645\u062a\u200c\u0647\u0627\u06cc \u0628\u0627\u0644\u0627\u062a\u0631 \u0627\u0633\u062a\u0641\u0627\u062f\u0647 \u0645\u06cc\u200c\u06a9\u0646\u0646\u062f\u060c \u0627\u06cc\u062c\u0627\u062f \u0645\u06cc\u200c\u0634\u0648\u0646\u062f. \u0627\u06cc\u0646 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u0631\u0648\u0632\u0647\u0627\u06cc \u062a\u0644\u062e \u0648 \u062a\u0627\u0631\u06cc\u06a9 \u0631\u0648\u0646\u062f \u0646\u0632\u0648\u0644\u06cc \u0631\u0627 \u067e\u0634\u062a \u0633\u0631 \u06af\u0630\u0627\u0634\u062a\u0647 \u0648 \u0628\u0627 \u0631\u0634\u062f \u0642\u06cc\u0645\u062a\u060c \u0645\u06cc\u200c\u062e\u0648\u0627\u0647\u0646\u062f \u062b\u0645\u0631\u0647 \u0635\u0628\u0631 \u062e\u0648\u062f \u0631\u0627 \u0628\u0628\u06cc\u0646\u0646\u062f.<\/p>\n<p>\u0647\u0645\u0632\u0645\u0627\u0646 \u0628\u0627 \u0634\u06a9\u0633\u062a \u0642\u0644\u0647 \u062a\u0627\u0631\u06cc\u062e\u06cc \u0642\u0628\u0644\u06cc \u0648 \u0648\u0631\u0648\u062f \u0628\u0647 \u0641\u0627\u0632 \u06a9\u0634\u0641 \u0642\u06cc\u0645\u062a\u060c \u0628\u0627\u0632\u0627\u0631 \u0648\u0627\u0631\u062f \u0641\u0627\u0632 \u0633\u0631\u062e\u0648\u0634\u06cc \u0645\u06cc\u200c\u0634\u0648\u062f \u0648 \u0645\u0648\u062c\u0648\u062f\u06cc \u0633\u0648\u062f\u0622\u0648\u0631 \u0628\u0647 \u0645\u062f\u062a \u06f6 \u062a\u0627 \u06f1\u06f2 \u0645\u0627\u0647 \u062f\u0631 \u062d\u0648\u0627\u0644\u06cc \u06f9\u06f0\u066a \u0628\u0627\u0642\u06cc \u0645\u06cc\u200c\u0645\u0627\u0646\u062f. \u0641\u0627\u0632 \u0633\u0631\u062e\u0648\u0634\u06cc \u06a9\u0646\u0648\u0646\u06cc \u0647\u0646\u0648\u0632 \u062f\u0631 \u0627\u0628\u062a\u062f\u0627\u06cc \u06a9\u0627\u0631 \u0628\u0648\u062f\u0647 \u0648 \u06f2.\u06f5 \u0645\u0627\u0647 \u0627\u0632 \u0622\u0646 \u0645\u06cc\u200c\u06af\u0630\u0631\u062f\u060c \u0627\u06cc\u0646 \u062f\u0631\u062d\u0627\u0644\u06cc \u0627\u0633\u062a \u06a9\u0647 \u062f\u0631 \u0632\u0645\u0627\u0646 \u0646\u06af\u0627\u0631\u0634 \u0627\u06cc\u0646 \u0645\u0642\u0627\u0644\u0647\u060c \u062f\u0631\u0635\u062f \u0645\u0648\u062c\u0648\u062f\u06cc \u062f\u0631 \u0633\u0648\u062f \u06f9\u06f3.\u06f4\u066a \u0627\u0633\u062a.<\/p>\n<div id=\"attachment_46082\" style=\"width: 994px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-46082\" class=\"size-full wp-image-46082\" src=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-profitabilty-state.jpg\" alt=\"\u0648\u0636\u0639\u06cc\u062a \u0633\u0648\u062f\u0622\u0648\u0631\u06cc \u0645\u0648\u062c\u0648\u062f\u06cc \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646\" width=\"984\" height=\"501\" srcset=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-profitabilty-state.jpg 984w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-profitabilty-state-300x153.jpg 300w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-profitabilty-state-768x391.jpg 768w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-profitabilty-state-640x326.jpg 640w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-profitabilty-state-340x173.jpg 340w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-profitabilty-state-460x234.jpg 460w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-profitabilty-state-112x57.jpg 112w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-profitabilty-state-760x387.jpg 760w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-profitabilty-state-160x81.jpg 160w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-profitabilty-state-290x148.jpg 290w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-profitabilty-state-475x242.jpg 475w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-profitabilty-state-360x183.jpg 360w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-profitabilty-state-36x18.jpg 36w\" sizes=\"(max-width: 984px) 100vw, 984px\" \/><p id=\"caption-attachment-46082\" class=\"wp-caption-text\">\u0648\u0636\u0639\u06cc\u062a \u0633\u0648\u062f\u0622\u0648\u0631\u06cc \u0645\u0648\u062c\u0648\u062f\u06cc \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646<\/p><\/div>\n<p>\u0627\u0628\u0632\u0627\u0631 \u062f\u06cc\u06af\u0631\u06cc \u06a9\u0647 \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u06cc\u0645 \u0628\u0631\u0627\u06cc \u067e\u0627\u06cc\u0634 \u0627\u0635\u0644\u0627\u062d\u0627\u062a \u0642\u06cc\u0645\u062a \u0627\u0633\u062a\u0641\u0627\u062f\u0647 \u06a9\u0646\u06cc\u0645\u060c \u0627\u0646\u062f\u0627\u0632\u0647 \u0636\u0631\u0631 \u0645\u062d\u0642\u0642 \u0646\u0634\u062f\u0647 \u0646\u0632\u062f \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u0627\u0633\u062a. \u0628\u0627 \u062a\u0648\u062c\u0647 \u0628\u0647 \u0627\u06cc\u0646\u06a9\u0647 \u0636\u0631\u0631\u0647\u0627\u06cc\u06cc \u0645\u062d\u0642\u0642 \u0646\u0634\u062f\u0647 \u062f\u0631 \u062d\u0648\u0627\u0644\u06cc ATH \u0647\u0627\u060c \u0646\u0645\u0627\u06cc\u0627\u0646\u06af\u0631 \u00ab\u062e\u0631\u06cc\u062f\u0627\u0631\u0627\u0646 \u062f\u0631 \u0633\u0642\u0641\u00bb \u0627\u0633\u062a\u060c \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u06cc\u0645 \u0633\u0647\u0645 \u0645\u0648\u062c\u0648\u062f\u06cc \u06a9\u0647 \u062f\u0631 \u06f9\u06f0 \u0631\u0648\u0632 \u0628\u0639\u062f\u06cc \u0648\u0627\u0631\u062f \u0636\u0631\u0631 \u0645\u06cc\u200c\u0634\u0648\u062f \u0631\u0627 \u0627\u0646\u062f\u0627\u0632\u0647\u200c\u06af\u06cc\u0631\u06cc \u06a9\u0646\u06cc\u0645. \u0628\u0627 \u0627\u06cc\u0646 \u06a9\u0627\u0631 \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u06cc\u0645 \u062f\u0631\u0635\u062f \u06a9\u0648\u06cc\u0646\u200c\u0647\u0627\u06cc\u06cc \u0631\u0627 \u06a9\u0647 \u0648\u0636\u0639\u06cc\u062a \u00ab\u0633\u0648\u062f\u0622\u0648\u0631\u00bb \u062e\u0648\u062f \u0631\u0627 \u062f\u0631 \u0645\u0642\u0627\u06cc\u0633\u0647 \u0628\u0627 \u0633\u0642\u0641 \u0642\u0628\u0644\u06cc \u0642\u06cc\u0645\u062a \u0627\u0632 \u062f\u0633\u062a \u062f\u0627\u062f\u0647\u200c\u0627\u0646\u062f\u060c \u0628\u0647 \u062f\u0633\u062a \u0622\u0648\u0631\u06cc\u0645.<\/p>\n<p>\u0628\u0647 \u0637\u0648\u0631 \u0645\u0639\u0645\u0648\u0644\u060c \u0627\u06cc\u0646 \u0631\u06cc\u0632\u0634\u200c\u0647\u0627\u06cc \u0639\u0645\u06cc\u0642 \u0628\u0627 \u0648\u0631\u0648\u062f \u0633\u0631\u0645\u0627\u06cc\u0647 \u062c\u062f\u06cc\u062f \u0628\u0647 \u0628\u0627\u0632\u0627\u0631 \u0627\u06cc\u062c\u0627\u062f \u0645\u06cc\u200c\u0634\u0648\u062f. \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u0627\u06cc \u06a9\u0647 \u0641\u0634\u0627\u0631 \u0641\u0631\u0648\u0634 \u0646\u0627\u0634\u06cc \u0627\u0632 \u062a\u0648\u0632\u06cc\u0639 \u06a9\u0648\u06cc\u0646 \u062f\u0631 \u0631\u0648\u0646\u062f \u0635\u0639\u0648\u062f\u06cc \u0631\u0627 \u062c\u0630\u0628 \u06a9\u0631\u062f\u0647 \u0648 \u062f\u0631 \u0637\u0648\u0644 \u0627\u0635\u0644\u0627\u062d\u0627\u062a \u0642\u06cc\u0645\u062a \u0628\u0639\u062f\u06cc\u060c \u0648\u0627\u0631\u062f \u0636\u0631\u0631 \u0645\u06cc\u200c\u0634\u0648\u062f.<\/p>\n<p>\u062c\u0627\u0644\u0628 \u0627\u06cc\u0646\u062c\u0627\u0633\u062a \u06a9\u0647 \u0639\u0645\u0642 \u0627\u06cc\u0646 \u062f\u0631\u0627\u062f\u0627\u0646\u200c\u0647\u0627 \u062f\u0631 \u0637\u0648\u0644 \u0631\u0648\u0646\u062f \u0635\u0639\u0648\u062f\u06cc \u06a9\u0646\u0648\u0646\u06cc\u060c \u062a\u0634\u0627\u0628\u0647 \u0632\u06cc\u0627\u062f\u06cc \u0628\u0627 \u0631\u0648\u0646\u062f \u0635\u0639\u0648\u062f\u06cc \u06f1\u06f7-\u06f2\u06f0\u06f1\u06f5 \u062f\u0627\u0631\u062f \u0648 \u0628\u0627\u0631 \u062f\u06cc\u06af\u0631\u060c \u0642\u062f\u0631\u062a \u0628\u0627\u0644\u0627\u06cc \u0628\u0627\u0632\u0627\u0631 \u0631\u0627 \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u062f. \u0627\u06cc\u0646 \u0628\u0647 \u0645\u0627 \u0645\u06cc\u200c\u06af\u0648\u06cc\u062f \u06a9\u0647 \u0628\u0627 \u0648\u062c\u0648\u062f \u062b\u0628\u062a \u0633\u0642\u0641\u200c\u0647\u0627\u06cc \u067e\u06cc\u0627\u067e\u06cc \u0642\u06cc\u0645\u062a\u060c \u0638\u0627\u0647\u0631\u0627\u064b \u0647\u0646\u0648\u0632 \u062d\u062c\u0645 \u06a9\u0648\u06cc\u0646 \u0632\u06cc\u0627\u062f\u06cc \u062f\u0631 \u0633\u0637\u0648\u062d \u0628\u0633\u06cc\u0627\u0631 \u0628\u0627\u0644\u0627\u06cc \u0642\u06cc\u0645\u062a \u062e\u0631\u06cc\u062f\u0627\u0631\u06cc \u0646\u0634\u062f\u0647 \u0627\u0633\u062a.<\/p>\n<div id=\"attachment_46081\" style=\"width: 994px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-46081\" class=\"size-full wp-image-46081\" src=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-in-profit-quarterly-drawdowns.jpg\" alt=\"\u062f\u0631\u0627\u062f\u0627\u0646\u200c\u0647\u0627\u06cc \u0633\u0647 \u0645\u0627\u0647\u0647 \u0645\u0648\u062c\u0648\u062f\u06cc \u0633\u0648\u062f\u0622\u0648\u0631 \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646\" width=\"984\" height=\"501\" srcset=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-in-profit-quarterly-drawdowns.jpg 984w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-in-profit-quarterly-drawdowns-300x153.jpg 300w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-in-profit-quarterly-drawdowns-768x391.jpg 768w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-in-profit-quarterly-drawdowns-640x326.jpg 640w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-in-profit-quarterly-drawdowns-340x173.jpg 340w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-in-profit-quarterly-drawdowns-460x234.jpg 460w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-in-profit-quarterly-drawdowns-112x57.jpg 112w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-in-profit-quarterly-drawdowns-760x387.jpg 760w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-in-profit-quarterly-drawdowns-160x81.jpg 160w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-in-profit-quarterly-drawdowns-290x148.jpg 290w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-in-profit-quarterly-drawdowns-475x242.jpg 475w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-in-profit-quarterly-drawdowns-360x183.jpg 360w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/supply-in-profit-quarterly-drawdowns-36x18.jpg 36w\" sizes=\"(max-width: 984px) 100vw, 984px\" \/><p id=\"caption-attachment-46081\" class=\"wp-caption-text\">\u062f\u0631\u0627\u062f\u0627\u0646\u200c\u0647\u0627\u06cc \u0633\u0647 \u0645\u0627\u0647\u0647 \u0645\u0648\u062c\u0648\u062f\u06cc \u0633\u0648\u062f\u0622\u0648\u0631 \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"%d9%81%d8%b9%d8%a7%d9%84%db%8c%d8%aa-%d8%ab%d8%b1%d9%88%d8%aa%d9%85%d9%86%d8%af%d8%a7%d9%86-%d8%a8%d8%a7%d8%b2%d8%a7%d8%b1\"><\/span>\u0641\u0639\u0627\u0644\u06cc\u062a \u062b\u0631\u0648\u062a\u0645\u0646\u062f\u0627\u0646 \u0628\u0627\u0632\u0627\u0631<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u0647\u0645\u0632\u0645\u0627\u0646 \u0628\u0627 \u0634\u0631\u0648\u0639 \u062c\u0647\u0634\u200c\u0647\u0627\u06cc \u0642\u06cc\u0645\u062a \u062f\u0631 \u067e\u0627\u0633\u062e \u0628\u0647 \u0622\u063a\u0627\u0632 \u0641\u0634\u0627\u0631 \u062e\u0631\u06cc\u062f\u060c \u0627\u0647\u0645\u06cc\u062a \u0633\u0645\u062a \u0645\u0642\u0627\u0628\u0644 \u0628\u0627\u0632\u0627\u0631\u060c \u0641\u0634\u0627\u0631 \u0641\u0631\u0648\u0634\u0646\u062f\u06af\u0627\u0646 \u0647\u0648\u0644\u062f\u0631\u0647\u0627\u06cc \u0628\u0644\u0646\u062f \u0645\u062f\u062a \u062f\u0648 \u0686\u0646\u062f\u0627\u0646 \u0645\u06cc\u200c\u0634\u0648\u062f. \u0627\u0632 \u0627\u06cc\u0646 \u0631\u0648\u060c \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u06cc\u0645 \u0633\u0648\u062f \u0645\u062d\u0642\u0642 \u0646\u0634\u062f\u0647 LTH \u0647\u0627 \u0631\u0627 \u0628\u0647 \u0639\u0646\u0648\u0627\u0646 \u0633\u0646\u062c\u0634\u06af\u0631 \u0627\u0646\u06af\u06cc\u0632\u0647 \u0622\u0646\u200c\u0647\u0627 \u0628\u0631\u0627\u06cc \u0641\u0631\u0627\u0645\u0648\u0634 \u0627\u0646\u062f\u0627\u0632\u0647\u200c\u06af\u06cc\u0631\u06cc \u06a9\u0646\u06cc\u0645\u060c \u0632\u06cc\u0631\u0627 \u0633\u0648\u062f \u0645\u062d\u0642\u0642 \u0634\u062f\u0647 \u0622\u0646\u200c\u0647\u0627 \u0641\u0634\u0627\u0631 \u0641\u0631\u0648\u0634\u0646\u062f\u0647 \u0631\u0627 \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u062f.<\/p>\n<p>\u062f\u0631 \u0627\u0628\u062a\u062f\u0627\u060c <strong>\u0646\u0633\u0628\u062a MVRV \u06af\u0631\u0648\u0647 LTH \u0647\u0627<\/strong> \u0631\u0627 \u06a9\u0647 \u0645\u06cc\u0627\u0646\u06af\u06cc\u0646 \u0636\u0631\u06cc\u0628 \u0633\u0648\u062f \u0645\u062d\u0642\u0642 \u0646\u0634\u062f\u0647 \u0622\u0646\u200c\u0647\u0627 \u0631\u0627 \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u062f\u060c \u0628\u0631\u0631\u0633\u06cc \u0645\u06cc\u200c\u06a9\u0646\u06cc\u0645. \u062a\u0627\u0631\u06cc\u062e \u0646\u0634\u0627\u0646 \u062f\u0627\u062f\u0647 \u06a9\u0647 \u0627\u0646\u062a\u0642\u0627\u0644 \u0641\u0627\u0632 \u0628\u0627\u0632\u0627\u0631 \u0627\u0632 \u0646\u0632\u0648\u0644\u06cc \u0628\u0647 \u0635\u0639\u0648\u062f\u06cc\u060c \u0628\u0627 \u0631\u0633\u06cc\u062f\u0646 \u0627\u06cc\u0646 \u0634\u0627\u062e\u0635 \u0628\u06cc\u0646 \u062f\u0648 \u0633\u0637\u062d \u06f1.\u06f5 \u0648 \u06f3.\u06f5 \ud83d\udfe7 \u0645\u0634\u062e\u0635 \u0645\u06cc\u200c\u0634\u0648\u062f\u061b \u062f\u0648\u0631\u0647\u200c\u0627\u06cc \u06a9\u0647 \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u062f \u06cc\u06a9 \u062a\u0627 \u062f\u0648 \u0633\u0627\u0644 \u0632\u0645\u0627\u0646 \u0628\u0628\u0631\u062f.<\/p>\n<p>\u0627\u06af\u0631 \u0631\u0648\u0646\u062f \u0635\u0639\u0648\u062f\u06cc \u062b\u0628\u0627\u062a \u062e\u0648\u062f \u0631\u0627 \u062d\u0641\u0638 \u06a9\u0646\u062f \u0648 \u0628\u062a\u0648\u0627\u0646\u062f \u0642\u0644\u0647 \u062a\u0627\u0631\u06cc\u062e\u06cc \u062c\u062f\u06cc\u062f\u06cc \u0631\u0627 \u062b\u0628\u062a \u06a9\u0646\u062f\u060c \u0633\u0648\u062f \u0645\u062d\u0642\u0642 \u0646\u0634\u062f\u0647 \u062f\u0631 \u0627\u062e\u062a\u06cc\u0627\u0631 LTH \u0647\u0627 \u0631\u0634\u062f \u0628\u06cc\u0634\u062a\u0631\u06cc \u062e\u0648\u0627\u0647\u062f \u06a9\u0631\u062f. \u0627\u06cc\u0646 \u0627\u062a\u0641\u0627\u0642 \u0628\u0647 \u0634\u062f\u062a \u0627\u0646\u06af\u06cc\u0632\u0647 \u0622\u0646\u200c\u0647\u0627 \u0631\u0627 \u0641\u0631\u0648\u0634 \u0627\u0641\u0632\u0627\u0632\u06cc\u0634 \u0645\u06cc\u200c\u062f\u0647\u062f. \u0627\u06cc\u0646 \u0627\u062a\u0641\u0627\u0642 \u0628\u0647 \u0642\u062f\u0631\u06cc \u0627\u062f\u0627\u0645\u0647 \u067e\u06cc\u062f\u0627 \u0645\u06cc\u200c\u06a9\u0646\u062f \u062a\u0627 \u062f\u0631 \u0646\u0647\u0627\u06cc\u062a \u0642\u062f\u0631\u062a \u0641\u0631\u0648\u0634\u0646\u062f\u06af\u0627\u0646\u060c \u062a\u0642\u0627\u0636\u0627\u06cc \u0628\u0627\u0632\u0627\u0631 \u0631\u0627 \u062e\u0633\u062a\u0647 \u06a9\u0631\u062f\u0647 \u0648 \u0631\u0648\u0646\u062f \u0646\u0632\u0648\u0644\u06cc \u062c\u062f\u06cc\u062f \u0622\u063a\u0627\u0632 \u0645\u06cc\u200c\u0634\u0648\u062f.<\/p>\n<div id=\"attachment_46090\" style=\"width: 994px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-46090\" class=\"size-full wp-image-46090\" src=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/MVRV-LTH.jpg\" alt=\"\u0634\u0627\u062e\u0635 MVRV \u0647\u0648\u0644\u062f\u0631\u0647\u0627\u06cc \u0628\u0644\u0646\u062f \u0645\u062f\u062a \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646\" width=\"984\" height=\"500\" srcset=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/MVRV-LTH.jpg 984w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/MVRV-LTH-300x152.jpg 300w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/MVRV-LTH-768x390.jpg 768w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/MVRV-LTH-640x325.jpg 640w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/MVRV-LTH-340x173.jpg 340w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/MVRV-LTH-460x234.jpg 460w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/MVRV-LTH-112x57.jpg 112w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/MVRV-LTH-760x386.jpg 760w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/MVRV-LTH-160x81.jpg 160w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/MVRV-LTH-290x147.jpg 290w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/MVRV-LTH-475x241.jpg 475w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/MVRV-LTH-360x183.jpg 360w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/MVRV-LTH-36x18.jpg 36w\" sizes=\"(max-width: 984px) 100vw, 984px\" \/><p id=\"caption-attachment-46090\" class=\"wp-caption-text\">\u0634\u0627\u062e\u0635 MVRV \u0647\u0648\u0644\u062f\u0631\u0647\u0627\u06cc \u0628\u0644\u0646\u062f \u0645\u062f\u062a \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646<\/p><\/div>\n<p>\u062f\u0631 \u067e\u0627\u06cc\u0627\u0646 \u0627\u06cc\u0646 \u0645\u0642\u0627\u0644\u0647\u060c \u0628\u0647 \u0633\u0631\u0627\u063a \u0646\u0631\u062e \u0639\u0631\u0636\u0647 LTH \u0647\u0627 \u0645\u06cc\u200c\u0631\u0648\u06cc\u0645\u061b \u0628\u0631\u0627\u06cc \u0627\u06cc\u0646 \u06a9\u0627\u0631 <strong>\u062a\u063a\u06cc\u06cc\u0631 \u0648\u0636\u0639\u06cc\u062a \u06f3\u06f0 \u0631\u0648\u0632\u0647 \u0645\u0648\u062c\u0648\u062f\u06cc<\/strong> \u0622\u0646\u200c\u0647\u0627 \u0631\u0627 \u0628\u0631\u0631\u0633\u06cc \u0645\u06cc\u200c\u06a9\u0646\u06cc\u0645. \u062f\u0631 \u0637\u0648\u0644 \u062d\u0631\u06a9\u062a \u0646\u0645\u0648\u062f\u0627\u0631 \u0628\u0631\u0627\u06cc \u062b\u0628\u062a \u0642\u0644\u0647 \u062a\u0627\u0631\u06cc\u062e\u06cc \u062f\u0631 \u0645\u0627\u0647 \u0645\u0627\u0631\u0633\u060c \u0628\u0627\u0632\u0627\u0631 \u0627\u0648\u0644\u06cc\u0646 \u062f\u0648\u0631\u0647 \u062a\u0648\u0632\u06cc\u0639 \u0633\u0646\u06af\u06cc\u0646 LTH \u0647\u0627 \u0631\u0627 \u062a\u062c\u0631\u0628\u0647 \u06a9\u0631\u062f.<\/p>\n<p>\u062f\u0631 \u0637\u0648\u0644 \u062f\u0648 \u0631\u0648\u0646\u062f \u0635\u0639\u0648\u062f\u06cc \u0627\u062e\u06cc\u0631\u060c \u0646\u0631\u062e \u062a\u0648\u0632\u06cc\u0639 LTH \u0647\u0627 \u0628\u0647 \u0645\u0642\u062f\u0627\u0631 \u0642\u0627\u0628\u0644 \u062a\u0648\u062c\u0647 \u06f8\u06f3\u06f6 \u062a\u0627 \u06f9\u06f7\u06f1 \u0647\u0632\u0627\u0631 \u0648\u0627\u062d\u062f \u062f\u0631 \u0645\u0627\u0647 \u0631\u0633\u06cc\u062f\u0647 \u0628\u0648\u062f. \u062f\u0631 \u062d\u0627\u0644\u06cc\u06a9\u0647 \u062f\u0631 \u0631\u0648\u0646\u062f \u0635\u0639\u0648\u062f\u06cc \u0627\u062e\u06cc\u0631\u060c <strong>\u0641\u0634\u0627\u0631 \u0641\u0631\u0648\u0634 \u0627\u06cc\u0646 \u06af\u0631\u0648\u0647 \u062f\u0631 \u0627\u0648\u0627\u062e\u0631 \u0645\u0627\u0631\u0633 \u0628\u0647 \u0627\u0648\u062c \u06f5\u06f1\u06f9 \u0647\u0632\u0627\u0631 \u0648\u0627\u062d\u062f \u062f\u0631 \u0645\u0627\u0647 \u0631\u0633\u06cc\u062f.<\/strong> \u0627\u0644\u0628\u062a\u0647 \u0644\u0627\u0632\u0645 \u0628\u0647 \u0630\u06a9\u0631 \u0627\u0633\u062a \u06a9\u0647 \u06f2\u06f0\u066a \u0627\u0632 \u0627\u06cc\u0646 \u0645\u0642\u062f\u0627\u0631 \u0645\u0631\u0628\u0648\u0637 \u0628\u0647 \u062c\u0627\u0628\u062c\u0627\u06cc\u06cc \u062f\u0627\u0631\u0627\u06cc\u06cc \u0647\u0648\u0644\u062f\u0631\u0647\u0627\u06cc \u0635\u0646\u062f\u0648\u0642 Grayscale \u0627\u0633\u062a.<\/p>\n<p>\u0627\u06cc\u0646 \u062f\u0648\u0631\u0647 \u062a\u0648\u0632\u06cc\u0639 \u0633\u0646\u06af\u06cc\u0646\u060c \u0628\u0627 \u062f\u0648\u0631\u0647 \u0641\u0631\u0648\u06a9\u0634 \u0639\u0631\u0636\u0647 \u0647\u0645\u0631\u0627\u0647 \u0634\u062f\u060c \u0628\u0647 \u0637\u0648\u0631\u06cc\u06a9\u0647 \u062f\u0648\u0631\u0647 \u0627\u0646\u0628\u0627\u0634\u062a LTH \u0647\u0627 \u0628\u0627\u0639\u062b \u0634\u062f \u06a9\u0647 \u0645\u0648\u062c\u0648\u062f\u06cc \u0627\u06cc\u0646 \u06af\u0631\u0648\u0647 \u0628\u0627 \u0646\u0631\u062e \u062d\u062f\u0648\u062f \u06f1\u06f2 \u0647\u0632\u0627\u0631 \u0648\u0627\u062d\u062f \u062f\u0631 \u0645\u0627\u0647 \u0631\u0634\u062f \u06a9\u0646\u062f.<\/p>\n<div id=\"attachment_46080\" style=\"width: 994px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-46080\" class=\"size-full wp-image-46080\" src=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/position-change-lth-and-grayscale.jpg\" alt=\"\u062a\u063a\u06cc\u06cc\u0631 \u0648\u0636\u0639\u06cc\u062a \u0647\u0648\u0644\u062f\u0631\u0647\u0627\u06cc \u0628\u0644\u0646\u062f \u0645\u062f\u062a \u0648 \u0635\u0646\u062f\u0648\u0642 Grayscale\" width=\"984\" height=\"500\" srcset=\"https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/position-change-lth-and-grayscale.jpg 984w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/position-change-lth-and-grayscale-300x152.jpg 300w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/position-change-lth-and-grayscale-768x390.jpg 768w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/position-change-lth-and-grayscale-640x325.jpg 640w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/position-change-lth-and-grayscale-340x173.jpg 340w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/position-change-lth-and-grayscale-460x234.jpg 460w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/position-change-lth-and-grayscale-112x57.jpg 112w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/position-change-lth-and-grayscale-760x386.jpg 760w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/position-change-lth-and-grayscale-160x81.jpg 160w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/position-change-lth-and-grayscale-290x147.jpg 290w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/position-change-lth-and-grayscale-475x241.jpg 475w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/position-change-lth-and-grayscale-360x183.jpg 360w, https:\/\/bitpin.ir\/academy\/wp-content\/uploads\/2024\/05\/position-change-lth-and-grayscale-36x18.jpg 36w\" sizes=\"(max-width: 984px) 100vw, 984px\" \/><p id=\"caption-attachment-46080\" class=\"wp-caption-text\">\u062a\u063a\u06cc\u06cc\u0631 \u0648\u0636\u0639\u06cc\u062a \u0647\u0648\u0644\u062f\u0631\u0647\u0627\u06cc \u0628\u0644\u0646\u062f \u0645\u062f\u062a \u0648 \u0635\u0646\u062f\u0648\u0642 Grayscale<\/p><\/div>\n<h3><span class=\"ez-toc-section\" id=\"%d8%ac%d9%85%d8%b9-%d8%a8%d9%86%d8%af%db%8c-%d9%86%d9%87%d8%a7%db%8c%db%8c\"><\/span>\u062c\u0645\u0639 \u0628\u0646\u062f\u06cc \u0646\u0647\u0627\u06cc\u06cc<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u0628\u0639\u062f \u0627\u0632 \u0639\u0628\u0648\u0631 \u0627\u0632 \u062f\u0648\u0631\u0647 \u062a\u0648\u0632\u06cc\u0639 \u0633\u0646\u06af\u06cc\u0646 \u0647\u0648\u0644\u062f\u0631\u0647\u0627\u06cc \u0628\u0644\u0646\u062f \u0645\u062f\u062a \u062f\u0631 \u062c\u0631\u06cc\u0627\u0646 \u0631\u0633\u06cc\u062f\u0646 \u0642\u06cc\u0645\u062a \u0628\u0647 \u0642\u0644\u0647 \u062a\u0627\u0631\u06cc\u062e\u06cc \u06f7\u06f3 \u0647\u0632\u0627\u0631 \u062f\u0644\u0627\u0631\u060c \u0641\u0634\u0627\u0631 \u0641\u0631\u0648\u0634 \u06a9\u0627\u0647\u0634\u06cc \u0645\u062d\u0633\u0648\u0633 \u0631\u0627 \u062a\u062c\u0631\u0628\u0647 \u06a9\u0631\u062f\u0647 \u0627\u0633\u062a. \u062d\u0627\u0644\u0627 LTH \u0647\u0627 \u0628\u0631\u0627\u06cc \u0627\u0648\u0644\u06cc\u0646 \u0628\u0627\u0631 \u0627\u0632 \u062f\u0633\u0627\u0645\u0628\u0631 \u06f2\u06f0\u06f2\u06f3 \u0634\u0631\u0648\u0639 \u0628\u0647 \u0628\u0627\u0632 \u0627\u0646\u0628\u0627\u0634\u062a \u06a9\u0648\u06cc\u0646\u200c\u0647\u0627 \u06a9\u0631\u062f\u0647\u200c\u0627\u0646\u062f. \u062f\u0631 \u06a9\u0646\u0627\u0631 \u0627\u06cc\u0646\u060c ETF \u0647\u0627\u06cc \u0646\u0642\u062f\u06cc \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u0628\u0627 \u062a\u0634\u062f\u06cc\u062f \u062a\u0642\u0627\u0636\u0627 \u0631\u0648\u0628\u0631\u0648 \u0634\u062f\u0647 \u0648 \u0628\u0627 \u0645\u062b\u0628\u062a \u0634\u062f\u0646 \u062c\u0631\u06cc\u0627\u0646 \u0633\u0631\u0645\u0627\u06cc\u0647\u060c \u062e\u0628\u0631 \u0627\u0632 \u0648\u0631\u0648\u062f \u0645\u0648\u062c \u062c\u062f\u06cc\u062f\u06cc \u0627\u0632 \u062e\u0631\u06cc\u062f\u0627\u0631\u0627\u0646 \u0646\u0647\u0627\u062f\u06cc \u0645\u06cc\u200c\u062f\u0647\u0646\u062f.<\/p>\n<p>\u0639\u0644\u0627\u0648\u0647 \u0628\u0631 \u0627\u06cc\u0646\u060c \u0628\u0627 \u062a\u0623\u06cc\u06cc\u062f ETF \u0647\u0627\u06cc \u0646\u0642\u062f\u06cc \u0627\u062a\u0631\u06cc\u0648\u0645 \u062a\u0648\u0633\u0637 SEC\u060c \u0632\u0645\u06cc\u0646 \u0628\u0627\u0632\u06cc \u062f\u0648 \u0631\u0645\u0632\u0627\u0631\u0632 \u0628\u0631\u062a\u0631 \u0628\u0627\u0632\u0627\u0631 \u06a9\u0631\u06cc\u067e\u062a\u0648\u060c \u0639\u0627\u062f\u0644\u0627\u0646\u0647\u200c\u062a\u0631 \u0634\u062f\u0647 \u0627\u0633\u062a. \u0641\u0631\u0627\u0645\u0648\u0634 \u0646\u06a9\u0646\u06cc\u0645 \u06a9\u0647 \u0627\u06cc\u0646 \u0627\u0642\u062f\u0627\u0645 \u063a\u0627\u0641\u0644\u06af\u06cc\u0631\u06a9\u0646\u0646\u062f\u0647 \u06a9\u0645\u06cc\u0633\u06cc\u0648\u0646 \u0628\u0648\u0631\u0633 \u0648 \u0627\u0648\u0631\u0627\u0642 \u0628\u0647\u0627\u062f\u0627\u0631 \u0622\u0645\u0631\u06cc\u06a9\u0627\u060c \u0645\u0647\u0631 \u062a\u0623\u06cc\u06cc\u062f \u062f\u06cc\u06af\u0631\u06cc \u0628\u0631 \u0627\u0641\u0632\u0627\u06cc\u0634 \u0646\u0631\u062e \u067e\u0630\u06cc\u0631\u0634 \u0627\u0631\u0632\u0647\u0627\u06cc \u062f\u06cc\u062c\u06cc\u062a\u0627\u0644 \u062a\u0648\u0633\u0637 \u0633\u06cc\u0633\u062a\u0645 \u0627\u0642\u062a\u0635\u0627\u062f \u0633\u0646\u062a\u06cc \u0627\u0633\u062a \u0648 \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u062f \u06af\u0627\u0645 \u0628\u0644\u0646\u062f\u06cc \u0628\u0647 \u0633\u0645\u062a \u0627\u062a\u0641\u0627\u0642\u0627\u062a \u062e\u0648\u0628 \u0628\u0627\u0634\u062f.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u0628\u0627 \u0627\u0646\u062f\u06a9 \u0641\u0627\u0635\u0644\u0647\u200c\u0627\u06cc \u0628\u0627 \u0642\u0644\u0647 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\u062c\u062f\u06cc\u062f\u06cc \u0627\u0632 ETF \u0647\u0627\u06cc \u0646\u0642\u062f\u06cc \u0627\u062a\u0631\u06cc\u0648\u0645 \u062f\u0631 \u0622\u0645\u0631\u06cc\u06a9\u0627 \u062a\u0623\u06cc\u06cc\u062f \u0634\u062f \u06a9\u0647 \u0645\u0646\u062c\u0631 \u0628\u0647 [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":46098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","post_view":2437},"categories":[25],"tags":[1525],"bitpin_posts":[],"video_cat":[],"video_tag":[],"article_group":[],"class_list":["post-46079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-glassnode"],"acf":[],"_links":{"self":[{"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/posts\/46079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/comments?post=46079"}],"version-history":[{"count":0,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/posts\/46079\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/media\/46098"}],"wp:attachment":[{"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/media?parent=46079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/categories?post=46079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/tags?post=46079"},{"taxonomy":"bitpin_posts","embeddable":true,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/bitpin_posts?post=46079"},{"taxonomy":"video_cat","embeddable":true,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/video_cat?post=46079"},{"taxonomy":"video_tag","embeddable":true,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/video_tag?post=46079"},{"taxonomy":"article_group","embeddable":true,"href":"https:\/\/bitpin.ir\/academy\/wp-json\/wp\/v2\/article_group?post=46079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}